Construction Focus
INDONESIA HALTS RAIL PROJECT AFTER 5 DAYS
The Indonesian government has halted work on the controversial Jakarta-Bandung high-speed rail project just five days after the ground-breaking ceremony. The chaotic bidding process for the $5 billion project saw the government first halt the bid in favour of a cheaper local line before then finally awarding the bitterly contested bid to China over Japan. […]
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AIIB OPENS FOR BUSINESS
Chinese President, Xi Jinping officially launched the Asian Infrastructure Investment Bank (AIIB) in Beijing on 16 January in a move expected to change the global economic balance of power. “Asia’s financing needs for basic infrastructure are absolutely enormous,” Xi said in a speech at the launch, adding the bank would aim to invest in projects […]
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New Cbd Slated for Capital
According to a filing to the ASX by developer Kingsland Global Ltd, an agreement with a subsidiary of Shukaku Inc has been signed to develop 10,000 square metres of undisclosed prime real estate in Phnom Penh’s “central business district”.
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Thailand and Uk Create Anti-corruption Initiative
The British Embassy in Bangkok and Thailand’s State Enterprise Policy Office have co-hosted a seminar on the Construction Sector Transparency (CoST) Initiative.
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Construction Law Draft Complete
The Council of Ministers will soon receive the draft Construction Law which may be passed into legislation by mid-2016 according to senior government advisor Sok Siphana.
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Bosch’s 2015 Sales Surpass €70bn
Robert Bosch, a world leader in technologies and services, announced that its 2015 sales exceeded €70 billion for the first time in its history—marking a 10 percent growth against 2014 sales of about €65 billion.
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Views Vary on Future of Phnom Penh at Gac
The recent announcement of the Phnom Penh Urban Master Plan provided the backdrop for a robust discussion on the future development of the capital among industry insiders at the 2nd Annual Global Alumni Convention (GAC) organised by IDP Education in January.
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Meng Leng Eav Opens Innovative Showroom
With Meng Leng Eav Group’s innovative new showroom now open, customers and visitors will have more satisfying and compelling experience when sourcing their needs from the largest supplier of power tools and agriculture and engineering equipment in Cambodia.
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From Supply to Manufacturing: a Market Leader’s Perspective
For Meng Leng Eav Co. Ltd, regional economic integration will not result in any significant impact on business. Cambodia’s leading specialist in supplying quality power tools, agricultural, and engineering equipment currently distributes over 10 exclusive and another 5 non-exclusive brands after first establishing the business over 20 years ago. In today’s more competitive environment, the company is strategically transforming its position from a star distributor into the first manufacturing company of its kind on the Cambodian market.
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Setting Up a Joint Venture: the Risks and Realities
Joint ventures (JVs) in the construction industry are common around the world. Although more companies in Cambodia are entering into such business agreements, the concept is still not widely understood here.
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